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RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of AEZS
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On Friday, AEterna Zentaris Inc. stock price gained an impressive 288.06%
(Updated on May 03, 2024)

Hold candidate since May 03, 2024 PDF

The AEterna Zentaris Inc. stock price gained 288.06% on the last trading day (Friday, 3rd May 2024), rising from $2.01 to $7.80. During the last trading day the stock fluctuated 7.86% from a day low at $7.74 to a day high of $8.35. The price has fallen in 5 of the last 10 days but is still up by 300% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 494 more shares were traded than the day before. In total, 20 thousand shares were bought and sold for approximately $155.28 thousand.

The stock has broken the wide and strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $2.60, a level that may pose a second chance to hit a runner.

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AEZS Signals & Forecast

The AEterna Zentaris Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $2.82 and $2.19. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 300.00%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). AEterna Zentaris Inc. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.

Support, Risk & Stop-loss for AEterna Zentaris Inc. stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.609 (7.86%) between high and low. For the last week, the stock has had daily average volatility of 7.00%.

The AEterna Zentaris Inc. stock is extremely overbought on RSI14 (98). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.

Our recommended stop-loss: $7.56 (-3.04%) (This stock has low daily movements and this gives low risk. The RSI14 is 98 and this increases the risk substantially. There is a buy signal from a pivot bottom found 13 days ago.)

Trading Expectations (AEZS) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect AEterna Zentaris Inc. to open at $7.96, and during the day (based on 14 day Average True Range), to move between $7.26 and $8.34, which gives a possible trading interval of +/-$0.535 (+/-6.86%) up or down from last closing price. If AEterna Zentaris Inc. takes out the full calculated possible swing range there will be an estimated 13.72% move between the lowest and the highest trading price during the day.

Is AEterna Zentaris Inc. stock A Buy?

AEterna Zentaris Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Upgraded

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for AEterna Zentaris Inc. of Monday, May 6, 2024

Fair opening price May 6, 2024 Current price
$7.96 ( 2.09%) $7.80

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for AEZS

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 8.57 9.89 %
R2 8.34 6.91 %
R1 8.20 5.07 %
Current price: 7.80
Support S1 7.73 -0.89 %
S2 7.59 -2.73 %
S3 7.35 -5.72 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 7.80
Support S1 0 .
S2 0 .
S3 0 .

FAQ

What is the symbol for AEterna Zentaris Inc. Stock and on which exchange is it traded?
The symbol for AEterna Zentaris Inc. is AEZS and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell AEterna Zentaris Inc. Stock?
AEterna Zentaris Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

How to buy AEterna Zentaris Inc. Stock?
AEterna Zentaris Inc. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy AEterna Zentaris Inc. Stock.

What's the current price of AEterna Zentaris Inc. Stock?
As of the end of day on the May 03, 2024, the price of an AEterna Zentaris Inc. (AEZS) share was $7.80.

What is the 52-week high and low for AEterna Zentaris Inc. Stock?
The 52-week high for AEterna Zentaris Inc. Stock is $8.35 and the 52-week low is $1.36.

What is the market capitalization of AEterna Zentaris Inc. Stock?
As of the May 03, 2024, the market capitalization of AEterna Zentaris Inc. is 9.76M.

When is the next earnings date for AEterna Zentaris Inc.?
The upcoming earnings date for AEterna Zentaris Inc. is May 14, 2024.
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About AEterna Zentaris Inc.

AEterna Zentaris. Aeterna Zentaris Inc., a specialty biopharmaceutical company, engages in developing and commercializing therapeutics and diagnostic tests. Its lead product is macimorelin, an orally available peptidomimetic ghrelin receptor (GHSR-1a) agonist that stimulates the secretion of growth hormone by binding to the GHSR-1a for the diagnosis of adult growth hormone deficiency and childhood-onset growth hormone deficiency, as well as oncology indications. T... AEZS Profile

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